Loan recipient satisfies terms of ‘It Starts Here’ grant

The city accepted an offer made by Mama Gracie’s, the recipient of Princeton’s 2015 ‘It Starts Here’ forgivable loans to pay off a $10,000 loan.

Community Development Director Jolene Foss explained how although the business plans to stay open, the loan-term requirement to be open at least 20 hours a week might not be met.

While the loan payoff stood at $8,000, the council agreed to accept a $6,000 payoff since the business has helped generate more commerce downtown.